Author: Multibagger News

Russia’s Hawk Calls for Nuclear Posture Shift in Response to NATO Aggression in Ukraine By Mark Trevelyan In a recent interview with Kommersant newspaper, influential foreign policy hawk Sergei Karaganov urged Russia to clearly state its willingness to use nuclear weapons against countries supporting NATO aggression in Ukraine. Karaganov suggested that Moscow could launch a limited nuclear strike on a NATO country without triggering all-out nuclear war, challenging the United States’ guarantee of nuclear protection to its allies. According to Karaganov, Russia’s nuclear doctrine should focus on ensuring that all enemies, present and future, are aware of its readiness to…

Thai Consumer Confidence Hits 13-Month Low Amid Economic Growth Concerns Thai consumer confidence has dropped for the sixth consecutive month in August to a 13-month low, according to a survey conducted by the University of the Thai Chamber of Commerce. The consumer index fell to 56.5 in August from 57.7 in the previous month, reflecting concerns about slow economic growth and high living costs amid uncertainty over the new government’s policies. Consumers are feeling less confident about the economy’s quick recovery, as they have not yet seen clear and tangible economic stimulus measures from the government. However, there is hope…

By Lisa Richwine Taylor Swift made history at the MTV Video Music Awards by winning seven trophies, tying her with Beyonce for the most lifetime honors in the 40-year history of the awards. Swift’s video “Fortnight” featuring Post Malone won the top prize, video of the year. The black-and-white video, set in a psychiatric hospital, reflected the theme of her album “The Tortured Poets Department.” Despite the somber tone of the video, Swift expressed that it was the most fun to make. She credited her boyfriend Travis Kelce, a football player, for bringing happiness and magic to the set. Swift…

As the world’s best investment manager and financial market journalist, I bring you the latest update on gold prices. In Asian trade on Thursday, gold prices rose as traders anticipated the yellow metal to benefit from a lower interest rate environment. However, expectations for a significant interest rate cut by the Federal Reserve diminished after core consumer price index inflation data came in higher than expected for August. Traders are now positioning for a smaller, 25 basis point reduction in September, which has boosted the dollar and limited gold’s advance. Gold Stalls Below Record Highs Despite the positive momentum, gold…

The Murdoch Family Feud: How Rupert Murdoch’s Secret Court Battle Could Shape the Future of Fox News and Wall Street Journal By Dawn Chmielewski RENO, Nevada (Multibagger) – In a high-stakes, closed-door court battle beginning September 16, Rupert Murdoch, the 93-year-old media titan, is fighting to secure the future of his media empire, which includes Fox News and the Wall Street Journal. This legal confrontation could have sweeping implications not just for the Murdoch dynasty but also for global media and political landscapes. According to a sealed court document obtained by the New York Times, Murdoch aims to alter the…

Investment Manager’s Insight: Tech Stocks Drive Asian Markets Higher as ECB Rate Cut LoomsLooking ahead to the European and global markets, Asian stock markets are experiencing a resurgence in investor interest in tech stocks, particularly Nvidia (NASDAQ:). This positive sentiment is bolstered by expectations of a near-certain rate cut by the European Central Bank (ECB) and speculation on future monetary policy decisions.Despite diminishing hopes for a substantial rate cut by the Federal Reserve next week, the recent U.S. inflation report has provided some clarity. The core CPI rose slightly above expectations in August, signaling that the Fed is likely to…

By Michelle Nichols In a groundbreaking move, U.S. Ambassador to the United Nations, Linda Thomas-Greenfield, will announce the United States’ support for creating two permanent United Nations Security Council seats for African states and one seat to be rotated among small island developing states. This announcement comes as the U.S. aims to strengthen ties with Africa and Pacific Islands nations to counter Chinese influence in the region. Thomas-Greenfield expressed hope that this announcement will pave the way for Security Council reform, aligning with President Joe Biden’s legacy. This proposal adds to Washington’s longstanding support for India, Japan, and Germany to…

Breaking News: OpenWeb CEO Drama Unfolds – What’s Next for Investors? In a shocking turn of events, OpenWeb, a New York startup known for its user engagement tools, is embroiled in a leadership crisis. Reports from CTech reveal a power struggle within the company, as co-founding CEO Nadav Shoval refuses to step down despite the announcement of a new CEO by chairman Tim Harvey. Harvey’s email to employees, declaring himself as the new CEO and thanking Shoval for his contributions, was met with a swift response from Shoval, who denied any intention of leaving his role and accused the board…

Taiwan’s Largest Financial Merger: Taishin Ups Offer for Shin Kong Amid CTBC Rivalry By Faith Hung TAIPEI (Multibagger) – In a landmark move for Taiwan’s financial sector, Taishin Financial Holding Co. has announced a substantial 25% increase in its acquisition offer for Shin Kong Financial Holding Co., bringing the bid to approximately T$222.4 billion ($7 billion). If successful, this will mark the largest financial services merger in Taiwan’s history. The Battle for Shin Kong: Taishin vs. CTBC Last month, Taishin’s intent to merge with Shin Kong was unveiled, but the deal soon faced competition from an unexpected rival—CTBC Financial Holding…

As the world’s best investment manager and financial market journalist, I am here to inform you about the latest data released by the Census Bureau regarding the median cost of housing for U.S. renters and homeowners in 2023. The numbers show a significant rise in housing costs, with more than 21 million renter households spending over 30% of their income on housing expenses. Despite this increase, the share of income spent on rent and utilities remained at 31.0% at the median, indicating that renter household incomes have kept pace with the rising costs. However, the degree of cost burden varied…